Colorado § 7-90-902 Declaration of delinquency

Colorado Statutes

§ 7-90-902 — Declaration of delinquency

Colorado·Title 07 Corporations·Art. Colorado Corporations and Associations Act

(1)(a) If the secretary of state determines that one or more grounds exist under section 7-90-901 for declaring an entity delinquent and the entity does not correct each ground for declaring it delinquent or demonstrate to the reasonable satisfaction of the secretary of state that such ground does not exist within sixty days after the secretary of state makes such determination, the entity becomes delinquent following the expiration of such sixty days.

(b)If the secretary of state determines that grounds exist under section 7-90-901 (1)(d) or (2)(f) for declaring an entity delinquent, the entity becomes delinquent immediately upon such determination and is not subject to the sixty-day period set forth in subsection (1)(a) of this section.

(2)(Deleted by amendment, L. 2010, (HB

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(1) (a) If the secretary of state
determines that one or more grounds exist under section 7-90-901 for declaring an
entity delinquent and the entity does not correct each ground for declaring it
delinquent or demonstrate to the reasonable satisfaction of the secretary of state
that such ground does not exist within sixty days after the secretary of state makes
such determination, the entity becomes delinquent following the expiration of such
sixty days.

(b) If the secretary of state determines that grounds exist under section 7-90-901 (1)(d) or (2)(f) for declaring an entity delinquent, the entity becomes
delinquent immediately upon such determination and is not subject to the sixty-day
period set forth in subsection (1)(a) of this section.

(2) (Deleted by amendment, L. 2010, (HB 10-1403), ch. 404, p. 1998, � 20,
effective August 11, 2010.)

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Legislative History

Source: L. 2005: Entire part added, p. 1212, � 20, effective October 1. L. 2009: (2) amended, (HB 09-1248), ch. 252, p. 1133, � 17, effective December 1. L. 2010: Entire section amended, (HB 10-1403), ch. 404, p. 1998, � 20, effective August 11. L. 2024: (1) amended, (HB 24-1137), ch. 332, p. 2250, � 6, effective August 7.